Countrywide PLC (CWD) Given Average Rating of “Hold” by Analysts
Countrywide PLC (LON:CWD) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 144.25 ($1.90).
Several equities research analysts recently issued reports on CWD shares. Credit Suisse Group cut shares of Countrywide PLC to an “underperform” rating and dropped their target price for the stock from GBX 288 ($3.80) to GBX 111 ($1.46) in a report on Monday, September 25th. Jefferies Group LLC restated a “hold” rating and issued a GBX 150 ($1.98) target price on shares of Countrywide PLC in a report on Friday, July 28th. Berenberg Bank started coverage on shares of Countrywide PLC in a report on Thursday, October 12th. They issued a “sell” rating and a GBX 95 ($1.25) target price on the stock. Finally, Peel Hunt dropped their target price on shares of Countrywide PLC from GBX 145 ($1.91) to GBX 115 ($1.52) and set a “reduce” rating on the stock in a report on Wednesday, September 27th.
In other Countrywide PLC news, insider Himanshu Raja purchased 89,408 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were acquired at an average cost of GBX 135 ($1.78) per share, for a total transaction of £120,700.80 ($159,277.91). Insiders acquired 100,335 shares of company stock worth $13,545,024 over the last quarter.
Shares of Countrywide PLC (LON CWD) opened at 123.25 on Friday. The company has a 50 day moving average of GBX 121.02 and a 200-day moving average of GBX 150.16. Countrywide PLC has a 12-month low of GBX 105.25 and a 12-month high of GBX 231.97. The company’s market cap is GBX 281.61 million.
Countrywide PLC Company Profile
Countrywide plc, together with its subsidiaries, provides residential estate agency and property services in the United Kingdom. It operates through four segments: Retail, London, Financial Services, and B2B. The company offers surveying services, including valuation panel management services, residential valuations, and surveys for mortgage lenders; leasehold, commercial, relocation, and residential property management services; and sells residential, commercial, industrial, and agricultural properties, as well as land through public auction.
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